Somewhat Favorable News Coverage Somewhat Unlikely to Affect Home BancShares (HOMB) Stock Price
News articles about Home BancShares (NASDAQ:HOMB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Home BancShares earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.1340029777179 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages have recently commented on HOMB. Zacks Investment Research cut Home BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Sandler O’Neill downgraded Home BancShares from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price objective on shares of Home BancShares in a report on Friday, July 21st. BidaskClub downgraded Home BancShares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of Home BancShares in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.79.
Home BancShares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Home BancShares had a net margin of 28.19% and a return on equity of 12.00%. The company had revenue of $128.23 million for the quarter, compared to analysts’ expectations of $135.55 million. During the same quarter in the prior year, the firm earned $0.33 EPS.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 14th. Home BancShares’s dividend payout ratio is currently 38.94%.
In related news, insider Tracy French purchased 3,100 shares of Home BancShares stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $23.54 per share, for a total transaction of $72,974.00. Following the completion of the transaction, the insider now directly owns 102,268 shares of the company’s stock, valued at $2,407,388.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.27% of the stock is owned by insiders.
Home BancShares Company Profile
Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).
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